RE:RE:Gold actionA combination of age, apathy towards mining stocks and no good plan going forward.
As a play it has been over two years since the big run up of the spring of 2021. Everyone knows NFG has a butt load of gold. More gold doesn't excite anymore. More gold gets thrown on top of the pile.
All mining stocks are struggling in today's environment except the battery metal stocks. When sentiment shifts and mining stocks come back into vogue you can expect NFG to sail through $10 then $15 then $20, but not today.
With gold near $2000/oz and lots of gold on their property they have no near term plans to monetize any of that gold. They have yet to definition drill any zone, create a resource for any zone or sell any zone. Discovering new zones is great but it doesn't generate any income, just headlines.
Collin alluded that they will have to bite the bullet and crank out a resource for one or more zones. I will guess Iceberg and Keates but such a focus is still in the distance.